Introducing the Offshore Refined Copper Spot Market Sentiment Index

In the offshore spot market, intraday volatility has been increasing, with trading windows in 2025 showing a cyclical pattern of opening and closing. To better serve spot market participants, the SMM Copper Research Team has leveraged its professional market research expertise to develop the Offshore Refined Copper Spot Market Sentiment Index. This index is built on the established methodology of the SMM Yangshan Copper Premium, enhanced through long-term data accumulation and repeated validation.

By constructing a multi-dimensional quantitative model, the index incorporates factors such as spot trading volume, quotation activity, and buy-sell willingness, thereby providing an objective reflection of actual market sentiment. The SMM team updates the index every working day at 12:00 noon, offering timely and accurate sentiment insights for industry participants.

This innovative indicator is not only quantifiable and traceable but also capable of signaling abnormal market fluctuations. It helps enterprises make more informed decisions in procurement and sales, effectively mitigating risks and seizing trading opportunities.

Application Scenarios

• Use the Refined Copper Spot Sales Sentiment Index to assess whether spot sales are smooth and whether downstream demand for physical delivery exists.

• Use the Refined Copper Spot Purchasing Sentiment Index to gauge downstream buying enthusiasm and the degree of raw material tightness.

• Use the Refined Copper Spot Sales Sentiment Index to track the number of spot quotations and actual trading activity, thereby assisting in the timing of spot procurement decisions.